Peoples Bancorp Inc. Stock Forecast
Peoples Bancorp Inc. stock price down 0.87% on Monday
(Updated on Apr 29, 2024)
The Peoples Bancorp Inc. stock price fell by -0.87% on the last day (Monday, 29th Apr 2024) from $29.76 to $29.50. During the last trading day the stock fluctuated 1.69% from a day low at $29.50 to a day high of $30.00. The price has risen in 7 of the last 10 days and is up by 7.08% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -98 thousand shares and in total, 82 thousand shares were bought and sold for approximately $2.43 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Peoples Bancorp Inc. stock with a 90% probability to be traded between $26.78 and $30.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PEBO Signals & Forecast
The Peoples Bancorp Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.39 and $28.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -2.32%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -15.05% to $25.06 within 17 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for Peoples Bancorp Inc. stock
Peoples Bancorp Inc. finds support from accumulated volume at $29.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.500 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: $28.13 (-4.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PEBO) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Peoples Bancorp Inc. to open at $29.67, and during the day (based on 14 day Average True Range), to move between $28.79 and $30.21, which gives a possible trading interval of +/-$0.713 (+/-2.42%) up or down from last closing price. If Peoples Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.61 (0.37%) than the support at $29.23 (0.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Peoples Bancorp Inc. stock A Buy?
Peoples Bancorp Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.068 Hold/Accumulate Unchanged
Predicted Opening Price for Peoples Bancorp Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $29.67 ( 0.565%) | $29.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEBO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.17 | 2.26 % | |
| R2 | 29.98 | 1.61 % | ||
| R1 | 29.86 | 1.21 % | ||
| Current price: | 29.50 | |||
| Support | S1 | 29.48 | -0.0825 % | |
| S2 | 29.36 | -0.482 % | ||
| S3 | 29.17 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.20 | 2.37 % | |
| R2 | 29.76 | 0.88 % | ||
| R1 | 29.61 | 0.373 % | ||
| Current price | 29.50 | |||
| Support | S1 | 29.23 | -0.92% | |
| S2 | 28.47 | -3.49% | ||
| S3 | 27.40 | -7.12% |
PEBO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 03, 2024 | May 20, 2024 | $0.400 | 1.36% |
| 2 | Jan 22, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.390 | 1.35% |
| 3 | Oct 24, 2023 | Nov 03, 2023 | Nov 20, 2023 | $0.390 | 1.31% |
| 4 | Jul 24, 2023 | Aug 04, 2023 | Aug 21, 2023 | $0.390 | 1.48% |
| 5 | Apr 24, 2023 | May 05, 2023 | May 22, 2023 | $0.390 | 1.50% |
FAQ
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